Brookwood Investment Group LLC Buys New Shares in JPMorgan Ultra-Short Income ETF $JPST

Brookwood Investment Group LLC bought a new stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,509 shares of the company’s stock, valued at approximately $683,000.

A number of other hedge funds have also added to or reduced their stakes in JPST. JPMorgan Chase & Co. grew its position in JPMorgan Ultra-Short Income ETF by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock valued at $4,907,764,000 after purchasing an additional 7,786,258 shares in the last quarter. Temasek Holdings Private Ltd bought a new position in JPMorgan Ultra-Short Income ETF in the third quarter valued at $300,296,000. Bank of America Corp DE grew its position in JPMorgan Ultra-Short Income ETF by 15.3% in the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after purchasing an additional 2,162,615 shares in the last quarter. Kensington Asset Management LLC grew its position in JPMorgan Ultra-Short Income ETF by 1,382.7% in the third quarter. Kensington Asset Management LLC now owns 1,080,232 shares of the company’s stock valued at $54,800,000 after purchasing an additional 1,007,375 shares in the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp grew its position in JPMorgan Ultra-Short Income ETF by 89.2% in the third quarter. Adventist Health System Sunbelt Healthcare Corp now owns 1,891,700 shares of the company’s stock valued at $95,966,000 after purchasing an additional 891,700 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.50 on Friday. The company has a market cap of $37.81 billion, a P/E ratio of 109.78 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.31 and a 1-year high of $50.79. The company has a fifty day simple moving average of $50.60 and a 200 day simple moving average of $50.65.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a $0.172 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is 473.91%.

About JPMorgan Ultra-Short Income ETF

The JPMorgan Ultra-Short Income ETF (JPST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated debt securities with an effective duration of one year or less. JPST was launched on May 17, 2017 and is managed by JPMorgan Chase.